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Skanska used the redevelopment of the Bentley Works factory to set the standard for future undertakings.

Bentley Works is 7.5 ha site for engineering, manufacturing and servicing which has been redeveloped into a state-of-the-art facility. Skanska used the project to create a new standard and developed an internal rating system with 'Deep Green' as the highest rating. Achieving net zero primary energy, zero waste, zero hazardous materials and net zero water, Bentley Works went beyond the minimum requirements of Deep Green.

Prepared by Skanska and INREV

In a response to the EBA’s consultation paper on Shadow Banking filed on 18 June, INREV argued against the proposal to include all AIFs in the definition of shadow banking.

Building on work carried out by the Financial Stability Board, the European Banking Authority (EBA) is creating a set of policy recommendations and proposes to define shadow banks as entities which present sufficient unknown risks that it is justifiable to restrict the exposure of mainstream banks to that part of the financial system. These include activities carried out by many in the asset management industry, including real estate investment funds. The EBA’s consultation paper suggests that all AIFs should be treated as shadow banking entities.

As debt continues to evolve as a viable investment strategy for investors through direct and indirect approaches, this webinar, led by Isabelle Scemama, Head of Funds Group ar AXA REIM provides French-speaking INREV members with an update on the new debt investment strategies.

This study focuses on the liquidity needs and requirements of investors who invest in indirect real estate. The aims of the study are to identify how investors define liquidity, discover the importance they ascribe to liquidity when compared to other investment considerations and explore the factors that influence their liquidity needs. Furthermore, the study examines investor views on the drivers of indirect real estate liquidity and their perspectives on the liquidity of indirect real estate vehicles, with a particular focus on closed end and open end real estate funds. Preferred secondary market transaction methodologies are also examined. Finally, investor suggestions for changes to the indirect real estate market which could enhance liquidity are discussed.

This report provides insights into the legal, regulatory and tax regimes of pension fund systems worldwide by:

• Outlining the impact of the transition from defined benefit to defined contribution schemes
• Sharing industry experts’ personal views on current regimes and their expectations for future trends

This survey looks at total real estate assets under management (AUM) of fund managers active in the non-listed real estate fund industry globally.
The full survey lists the Top 50 Fund Managers by total real estate AUM, non-listed real estate vehicles under management broken down by region and by non-listed real estate funds under management broken down by region.

This survey has been conducted annually since 2012.  Since 2015, the survey has been global in scope, thanks to the involvement of ANREV and NCREIF.

Through this session, led by Maurits Cammeraat, Director of Professional Standards, and Mustafa Chenti, European Fund Coordinator you will gain a solid understanding of the technicalities of the sheet, its potentialities and functionalities.

Research already acknowledged the many benefits of green building, mainly for the environment. But it was not clear whether it is possible to attach a financial value to those benefits, an information crucial to the real estate industry and the investment community.

Do green buildings attract a financial premium in terms of rental and sales value?
Are they more attractive to tenants and occupiers?
Are employees occupying green buildings more productive?
These are some of the questions addressed by the report “The business case for green business”, promoted by the World Green Building Council and sponsored by Grosvenor among others.

Research already acknowledged the many benefits of green building, mainly for the environment. But it was not clear whether it is possible to attach a financial value to those benefits, an information crucial to the real estate industry and the investment community.

In order to answer those initial questions, the report includes a review of the costs and benefits for developers, investors and occupants. And the findings leave no doubt: yes, there can be added a financial value to green building.

In what concerns the design and construction costs, building green does not necessarily mean spending more. Particularly if cost strategies, program management and environmental strategies are integrated in the process right from the start.  

When the asset value is the issue, as investors and occupants become more knowledgeable about and concerned with the impacts of the construction, buildings with better sustainability credentials benefit of increased marketability. In some markets there is already evidence of emerging ‘brown discounts’, where buildings that are not green. Besides, building green has shown to be money saving in operational costs: this saving is achieved, for instance, through reduced energy and water use, exceeding any design and construction costs within a reasonable payback time. When the work productivity and health are at stake, the case is, once again, in favor of green buildings, with research concluding that green indoor attributes of workplaces can improve the well-being of the workers. 
And this, ultimately, are business benefits.

The report also evaluates the risk mitigation associated with sustainability. Between the risks identified there are the regulatory ones, since many countries already have environmental guidelines for the construction industry that penalize inefficient buildings , the extreme weather events and changing tenants’ preferences that can question the resilience of the building and the risk of its obsolescence.
The study shows a business case for green buildings – it’s not just about saving the planet.

Prepared by the WGBC in cooperation with PRP, sponsoring partners included Skanska, Grosvenor and Estidama

In a letter to the President of the European Commission Jean-Claude Juncker and his team, the real estate industry urges initiation of a high level EU dialogue with Europe’s real estate sector and development of a coherent policy approach. INREV and 40 other associations argued that cooperation at the EU level is essential to create a healthy and well-functioning real estate sector, important for jobs, growth and the broader European economy.
 

In accordance with their long standing commitment to sustainability, Sonae Sierra sought to implement the highest standards of Environmental, Safety and Health management on the Loop5 project, both in the development and operation phases.

LOOP 5 is a 56k m2 shopping centre in Weiterstadt, Germany, that demonstrates exceptional environmental, safety and health performance, built under Sierra's Environmental Management System and with a construction certified in accordance with the ISO 14001 environmental standard. It was conceived to be highly functional, bringing the world of aviation alive for its visitors in its themed architecture.

Prepared by Sonae Sierra and INREV